Procurement of inputs without payment of duty for export

Procurement of inputs without payment of duty for export Posted: 14 Jun 2013 08:29 PM PDT An Exporter can procure Inputs without payment of excise duty under Notification No. 34/2001. This Rule, Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2001 came into force with effect from 21/06/2001.

ROC / MCA Fees rate Chart for Filing of Forms Posted: 14 Jun 2013 08:20 PM PDT As we all know MCA has increased additional fee to be levied for delays in filing Forms other than Form 5 wef 05.12.2010 vide General Circular No: 4/2010, Dated the 22nd November, 2010 . Rate of Additional Fees for delay in Filing of ROC forms is as follows :- Period of Delay Fixed rate of...

Penalty Chart under the Income Tax Act, 1961 Posted: 14 Jun 2013 06:33 PM PDT Failure to deduct TDS / TCS in full and part,  Quoting false TAN in challan/ statements, Failure to apply for TAN, Failure to furnish e TDS statement / TDS certificate, Failure to comply with department letter, Failure to furnish information required u/s. 133B, Failure to apply for PAN / TCN,...

Assessee in default Under the Income tax Act, 1961 Posted: 14 Jun 2013 05:34 PM PDT When any sum is payable as a result of any order passed under the Act, then the Assessing Officer shall serve upon the assessee a notice of demand U/s 156 specifying the sum so payable. Whereas Section 143 (1) is itself deemed as notice of demand & demand notice U/s 156 need not to be [...]

CBDT Amends Format of Form 3CEB – More reporting compliance by the Auditors Posted: 14 Jun 2013 06:45 AM PDT In pursuance of the changes made by the Finance Bill 2012 bringing specified domestic transactions under the ambit of Transfer Pricing Regulations, CBDT has amended the format of Form 3CEB vide notification number 41 dated 10 June 2013. The said notification also amends Rule 10A, 10AB, 10B, 10C,...

All India Transfers And Postings Of Commissioners of Income-tax Posted: 13 Jun 2013 11:16 PM PDT Vide Order No. 106 of 2013 dated 14.06.2013, the CBDT has ordered the transfer & posting of several officers in the grade of Commissioner of Income-tax with immediate effect. Download the Order No. 106 of 2013 dated 14.06.2013

Section 194C TDS does not apply to contract manufacturing agreements -SC Posted: 13 Jun 2013 10:20 PM PDT In fact, it is clarified that the definition of the word work will not include manufacturing or supplying a product according to the requirement or specification of a customer by using material purchased from a person other than such customer. However, this amendment came into force only with...